| Risk and valuation analysis of the Grasberg Project |
|
|
|
|
|
|
|
|
|
| Title(s) of the Grasberg Project |
 | Freeport McMoRan Copper and Gold Inc.
Joint venture: 60% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| FCX owns 90.64 percent of PT Freeport Indonesia, including
9.36 percent owned through our wholly owned subsidiary, PT
Indocopper Investama. The Government of Indonesia owns
the remaining 9.36 percent of PT Freeport Indonesia. |
 | Rio Tinto
Joint venture: 40% |
| | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| The Grasberg mine is owned and operated by Freeport Indonesia (PTFI), the principal and 91 per cent
owned subsidiary of the US based Freeport-McMoRan Copper & Gold
Inc. (FCX). Under the terms of a joint venture agreement between Rio Tinto and
FCX, Rio Tinto is entitled to a direct 40 per cent share in resources
discovered after 31 December 1994. |
|
|
|
| Location of the Grasberg Project |
|
Located in the Sudirman Mountains of the Irian Jaya province of Indonesia, the Grasberg complex (also known as the Freeport Mine) is one of the largest gold and copper mining operations in the world
|
| |
| History of the Grasberg Project |
|
PT Freeport Indonesia commenced mining operations at this site in 1972 and in 1988 discovered the Grasberg mine. Today, after significant production, the Grasberg mining district contains the world’s largest recoverable copper reserve and the largest gold reserve.
|
| |
| Geology of the Grasberg Project |
|
|
The copper mineralization in these skarn deposits is also dominated by chalcopyrite, but higher bornite concentrations are common. Moreover, gold occurs in significant concentrations in all of the district’s ore bodies, though rarely visible to the n more...
|
| |
|
|
|
|
|
| Production history |
| Metal | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
| COPPER (lbs) | 1,556,411,000 | 1,205,887,900 | 156,167,401 | 1,345,375,000 | 1,748,678,000 | 1,137,444,900 | 975,917,000 | 1,903,964,000 | 1,392,147,797 | 1,386,852,000 |
| GOLD (oz) | 1,072,115 | 1,178,132 | 1,058,116 | 1,880,210 | 1,157,481 | 227,653 | 3,578,856 | 1,789,982 | 2,890,849 | 2,084,014 |
| SILVER (oz) | 7,299,775 | 4,488,500 | 5,238,586 | 5,609,600 | 1,771,879 | 2,150,392 | 7,102,862 | 7,023,884 | 4,678,528 | 3,886,505 |
|
|
|
|
|
|
